From managing childcare and household routines to coordinating schedules and transportation, their work plays a critical role in keeping a household running smoothly.
As your life situations change, so do your life insurance needs. That's why it's vital to keep your life insurance policy up to date by reviewing it regularly with a financial professional.
Your life insurance policy can offer assurance and stability for your family should you pass away. But that policy needs to be revised and updated from time to time, especially when a life-changing experience occurs. Review your policy if one of the following events occurs.
When exploring life insurance options, you’ll find several types of policies, which can make it challenging to decide what fits your needs—and how long you should keep coverage.
Understanding the limits of workplace coverage and when it might make sense to supplement this coverage can be an important part of long-term financial planning.
Here are some key considerations at different stages of life, along with common life insurance myths and why life insurance can be a valuable part of your financial strategy throughout each one.
Selecting life insurance that fits your needs may require some homework, but understanding the different types of life insurance is a good place to start.
In the early stages of life, a term life insurance policy may be sufficient for many individuals’ needs. However, as life circumstances change, the coverage offered by a term policy might no longer be enough.
Not only can life insurance help protect a family’s financial well-being, but a permanent policy can also provide an opportunity to grow cash value and potentially create an income stream to help supplement your retirement income plan.
Compound interest is a tool for growing savings and building wealth. Because various options exist, understanding how compound interest works could be helpful for choosing the right account to match your goals and maximize savings growth.
